Real estate development in Moscow! What will those crazy Russians think of next?

Moscow is one of the world’s most expensive cities. It can vary a bit depending on who’s doing the ranking, but for the past several years Moscow usually comes in 3rd place after Tokyo, Japan and Luanda, Angola. It’s true that some of Moscow’s most ridiculously priced items are not housing-related, and it’s equally true that the Moscow real estate market is hardly the world’s most liquid or liberal, but housing in Moscow, as any expat can attest, is very, very expensive.
Prices for apartments in Moscow are broadly comparable to London and New York, famously expensive cities which, of course, are both located in countries that are much wealthier than Russia……………………………………Full Article: Source